USA to move forward on US$200b China tariff list

The new duties are "a reckless strategy that will boomerang back to harm USA families and workers", said David French, the National Retail Federation's senior vice president for government relations. "Tonight's announcement appears reckless and is not a targeted approach", said Sen.

"Tariffs on $200 billion in Chinese products amounts to another multibillion-dollar tax on American businesses and families", said Scott Lincicome, a trade lawyer and senior policy analyst for the group Republicans Fighting Tariffs. Orrin Hatch, R-Utah, chair of the Senate Finance committee.

U.S. Trade Representative Robert Lighthizer on Tuesday evening unveiled a proposed list of more than 6,000 products to be hit with 10-per-cent import taxes.

Investors fear an escalating trade war between the world's two biggest economies could hit global growth.

"It looks like the USA just took the scale of the trade frictions to another level", Li said at a forum in Beijing. This has raised concerns that China could retaliate with non-tariff trade measures. "We believe the USA measures interfere with economic globalization and damage the world economic order".

He said last month: "China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology".

To argue their case against tariffs, consumer companies' playbook has included pointing to higher costs for everyday goods, while laying the blame at the president's feet - the American Apparel and Footwear Association has dubbed the tariffs the "Trump tax".

The office of US Trade Representative Robert Lighthizer has released a list of Chinese products, running to nearly 200 pages, that will potentially be hit with a 10 per cent import tax as early as September.

On Monday, Chinese and German companies including BASF and Volkswagen signed business deals worth 20 billion euros ($23.6 billion) during a visit to Berlin by China's No. 2 leader, Premier Li Keqiang.

"Trump's escalation of trade hostilities makes it increasingly hard to envision an exit path from an all-out trade war".

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Administration officials said they hoped the measures would convince the Chinese government to increase market access for United States companies and address allegations of the theft of intellectual property.

"China has no option but to fight fire with fire".

"We expect this will have a meaningful impact on US consumer inflation as well as a meaningful drag on US GDP growth", he said in an interview, citing the Chinese government's pledge to retaliate against new US duties.

A senior administration official told Fox News that China has been "non-responsive" to US actions and has insisted that Beijing does not see any way America has been hurt by Chinese policies.

"Xi Jinping and the Communist Party do not face midterm elections in November", Rank said of the Chinese president, who is no longer bound by term limits.

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